South African retailer Steinhoff is battling the fallout from a massive accounting fraud and facing legal claims amounting to more than $10 billion USD. Couple that with the overall industry deline due to coronavirus and bankruptcy could be very near.
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![South African retailer Steinhoff International Holdings NV is battling the fallout from a massive accounting fraud and facing legal claims amounting to more than $10 billion USD. Couple that with the overall industry decline due to coronavirus and bankruptcy could be very near.](/sites/default/files/styles/featured_image/public/2020-07/Steinhoff_2121_1414_1.png.webp?itok=AKPOVESp)
![Pregnant woman shopping for clothes](/sites/default/files/styles/featured_image/public/2020-01/bankruptcy-maternity.jpg.webp?itok=xR_9HXWf)
Baby bankruptcy boom: American retailer Destination Maternity Corporation has met Chapter 11. Our suspicions about their heightened financial risk, however, were born more than a year before their filing.
![WeWork Inc.'s bankruptcy was an event our subscribers were well prepared for, as the former high-flying startup was burning cash at a time of incredible disruption in the commercial real estate market. WeWork Inc.'s bankruptcy was an event our subscribers were well prepared for, as the former high-flying startup was burning cash at a time of incredible disruption in the commercial real estate market.](/sites/default/files/styles/featured_image/public/2023-12/WeWork_2121_1414_3.png.webp?itok=hLC7hR6P)
WeWork Inc.'s bankruptcy was an event our subscribers were well prepared for, as the former high-flying startup was burning cash at a time of incredible disruption in the commercial real estate market.
![Virgin Australia Holdings, Ltd Bankruptcy Case Study](/sites/default/files/styles/featured_image/public/2020-05/Virgin_Australia_2121_1414_3.jpg.webp?itok=D2U_IbEV)
Grounded in Oz: Airliner Virgin Australia Holdings Ltd entered into voluntary administration and later Chapter 11 bankruptcy, as the company succumbed to an overwhelming debt load.
![Retail Apocalypse Now: Houston-based Stage Stores, Inc. has filed for Chapter 11 bankruptcy protection, just one of several large U.S. retailers to do so thus far in the month of May.](/sites/default/files/styles/featured_image/public/2020-05/Stage_Stores_2121_1414_4.jpg.webp?itok=LQ7GYPYv)
Retail Apocalypse Now: Houston-based Stage Stores, Inc. has filed for Chapter 11 bankruptcy protection, just one of several large U.S. retailers to do so thus far in the month of May.
![The seismic data survey industry appears to be sinking; can Norwegian company PGS ASA stay afloat in 2021 in the midst of an oil price crisis? The seismic data survey industry appears to be sinking; can Norwegian company PGS ASA stay afloat in 2021 in the midst of an oil price crisis?](/sites/default/files/styles/featured_image/public/2021-01/PGS_ASA_2121_1414_1.jpg.webp?itok=RdSE7pq7)
![Babcock wilcox engineers](/sites/default/files/styles/featured_image/public/2020-01/hrr-babcock-wilcox.jpg.webp?itok=7NWnXfXx)
Big-time bankruptcy risk follows Babcock & Wilcox Enterprises, Inc., a boiler manufacturer that has kept its doors open while recently racking up an enormous amount of short-term debt.
![Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year. Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year.](/sites/default/files/styles/featured_image/public/2022-01/Jiangsu_2121_1414_1.png.webp?itok=HI1BB_kD)
Multiple regulation violations in the securities market coupled with the bizarre departure of company chairman Jianming Zhou were among the deathblows for Chinese polymer producer Jiangsu Dewei, who filed for Chapter 15 bankruptcy just before the new year.
![Sears bankruptcy](/sites/default/files/styles/featured_image/public/2020-01/bankruptcy-sears.jpg.webp?itok=5fdPJajg)
Iconic American department store operator Sears Holdings Corporation has filed for Chapter 11 bankruptcy protection, becoming easily the highest-profile casualty of the "Retail Apocalypse" to date.